Post
Topic
Board Announcements (Altcoins)
Re: [ANN][XCP] Counterparty Protocol, Client and Coin (built on Bitcoin) - Official
by
halfcab123
on 20/02/2014, 08:56:28 UTC
... I wonder if it is technically realistic?  How would this solution actually be implemented?  

Hard code into the next version, recognizing an address that PhantomPhreak controls as having a balance of 35,000 XCP on the first block. Then, PhantomPhreak sends this to busoni.  I would think it could be a 1 liner, not too hard?

I would hope that, if this is done, we can also set a date for when this type of fix is permanently "off limits". Maybe 6-12 months from now. In other words, a date where we all agree it is no longer Alpha software, but Beta.

And secondly, raise a pool of funds (controlled by PhantomPhreak?) to have a security audit done by an outside party, before we declare the transition from Alpha to Beta.  I would donate to this and I think many others would too.

OK, so it sounds technically feasible.

To properly address earlier concerns from halfcab123 and lonsharim, I think we would need to hold a vote of all XCP holders in order to ensure 51% support prior to instituting such a measure.  Is there an easy way to conduct such a vote?

I hope there's a feasible way to organize it. I wonder if we can organize a trustless vote through Counterparty protocol.. SOmething like that possible ?